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Sweetgreen, Inc. — Director's Dealing 2021
Nov 18, 2021
32269_dirs_2021-11-17_e9efe39c-5538-40e4-a914-33d18fe24f1c.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Sweetgreen, Inc. (SG)
CIK: 0001477815
Period of Report: 2021-11-17
Reporting Person: SINGER BRADLEY E (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series J Preferred Stock | $ | Common Stock (175438) | Direct | ||
| Series J Preferred Stock | $ | Common Stock (58479) | Indirect | ||
| Warrant to Purchase Series J Preferred Stock | $ | Series J Preferred Stock (40977) | Direct | ||
| Warrant to Purchase Series J Preferred Stock | $ | Series J Preferred Stock (13659) | Indirect | ||
| Stock Option (Right to Buy) | $10.76 | 2031-06-15 | Common Stock (50000) | Direct |
Footnotes
F1: Each share of Common Stock shall be reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's
initial public offering of Class A Common Stock (the "IPO").
F2: Represents restricted stock units that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the IPO. The time based vesting requirement was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, subject to the reporting person's continuous service through each applicable vesting date.
F3: The Series J Preferred Stock is convertible into shares of Common Stock on a 1:1 basis and has no expiration date. At 11:59 p.m. Eastern time on the day immediately prior to the completion of the IPO, the Series J Preferred Stock will automatically convert into shares of Common Stock.
F4: The warrant will be automatically exercised upon the completion of the IPO.
F5: The shares subject to the option vest monthly over 24 months measured from January 21, 2021, subject to the reporting person's continuous service through each applicable vesting date.